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China's shadow banking assets showed their first increase in two-and-a-half years during the first quarter of this year, said a recent research report from Moody's Investors Service, a global credit ratings agency. "A rapid rebound is unlikely as financial systemic stability is still a key priority for the authorities," said Michael Taylor, managing director of Moody's.
China's top legislature adopted an amendment to the Individual Income Tax Law on Friday, raising the minimum threshold for paying personal income tax from 3,500 yuan (0) to 5,000 yuan per month, or 60,000 yuan per year.
China's private wealth as at 2016-end has grown six times the level ten years back, reflecting tremendous potential, Bain said.
China's video cloud market reached .62 billion in 2019, up 46.3 percent year-on-year, according to the latest report on China's video cloud market in the second half of 2019 by global market consultancy IDC.
China's property developers are pulling out all the stops to meet their sales target in a sluggish market, and the latest trend among them was to offer hefty discounts during the Singles Day online shopping spree on Nov 11.
来源：资阳报